{"id":4903,"date":"2009-01-09T21:23:13","date_gmt":"2009-01-10T01:23:13","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=4903"},"modified":"2009-01-09T21:23:13","modified_gmt":"2009-01-10T01:23:13","slug":"january-9-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=4903","title":{"rendered":"January 9, 2009"},"content":{"rendered":"

The ABX index derivatives (which reference either the lowest or the penultimate AAA tranche of structured subprime mortgage products) are getting hammered today<\/a> due to fears of pending legislation<\/a>:<\/p>\n

it appears that a bill to allow bankruptcy judges to alter loan balances has picked up a head of steam as Citibank broke ranks with other lenders and no longer opposes the measure.<\/p><\/blockquote>\n

The jobs number was appalling<\/a>:<\/p>\n

The U.S. lost more jobs in 2008 than in any year since 1945 as employers fired another 524,000 people in December, indicating a free-fall in the economy just days before President-elect Barack Obama takes office.
…<\/b>
The Labor Department reported that the nation lost 2.589 million jobs in 2008, just shy of the 2.75 million decline at the end of World War II. The unemployment rate climbed more than economists forecast, to 7.2 percent in December, the highest level in almost 16 years.<\/p><\/blockquote>\n

The Great Perpetual Rally of 2009 continued today, with PerpetualDiscounts posting their eleventh straight trading day of gains from the low of Dec. 22 to show a total gain of 21.87% over the period. The median pre-tax bid-YTW has declined from 8.48% to 6.86% … what can I say? The interest-equivalent is now 9.60%, while long corporates<\/a> continue to hold steady at 7.50% – so we’re back down to a 210bp pre-tax interest-equivalent spread, which is just a little over the last patch of relative stability experienced in the first half of 2008.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n6.93 %<\/td>\n7.42 %<\/td>\n27,777<\/td>\n13.62<\/td>\n2<\/td>\n0.0687 %<\/td>\n877.9<\/td>\n<\/tr>\n
FixedFloater<\/td>\n7.32 %<\/td>\n7.01 %<\/td>\n145,646<\/td>\n13.65<\/td>\n8<\/td>\n0.7944 %<\/td>\n1,397.5<\/td>\n<\/tr>\n
Floater<\/td>\n5.42 %<\/td>\n5.14 %<\/td>\n33,764<\/td>\n15.28<\/td>\n4<\/td>\n-0.6379 %<\/td>\n1,124.8<\/td>\n<\/tr>\n
OpRet<\/td>\n5.34 %<\/td>\n4.59 %<\/td>\n122,994<\/td>\n3.87<\/td>\n15<\/td>\n0.1263 %<\/td>\n2,010.3<\/td>\n<\/tr>\n
SplitShare<\/td>\n6.10 %<\/td>\n8.82 %<\/td>\n79,367<\/td>\n4.16<\/td>\n15<\/td>\n0.0238 %<\/td>\n1,821.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n7.20 %<\/td>\n11.22 %<\/td>\n44,715<\/td>\n0.93<\/td>\n2<\/td>\n-0.5845 %<\/td>\n1,964.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.8158 %<\/td>\n1,568.0<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.82 %<\/td>\n6.86 %<\/td>\n244,701<\/td>\n12.74<\/td>\n71<\/td>\n0.8158 %<\/td>\n1,444.1<\/td>\n<\/tr>\n
FixedReset<\/td>\n5.89 %<\/td>\n4.96 %<\/td>\n729,538<\/td>\n15.12<\/td>\n18<\/td>\n0.2761 %<\/td>\n1,812.9<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-6.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 9.56
\nEvaluated at bid price : 9.56
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
IAG.PR.C<\/td>\nFixedReset<\/td>\n-4.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 23.26
\nEvaluated at bid price : 23.30
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
BNA.PR.A<\/td>\nSplitShare<\/td>\n-3.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2010-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.05
\nBid-YTW : 14.76 %<\/td>\n<\/tr>\n
LBS.PR.A<\/td>\nSplitShare<\/td>\n-3.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2013-11-29
\nMaturity Price : 10.00
\nEvaluated at bid price : 8.12
\nBid-YTW : 10.29 %<\/td>\n<\/tr>\n
DF.PR.A<\/td>\nSplitShare<\/td>\n-3.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2014-12-01
\nMaturity Price : 10.00
\nEvaluated at bid price : 8.46
\nBid-YTW : 8.74 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 10.10
\nEvaluated at bid price : 10.10
\nBid-YTW : 6.12 %<\/td>\n<\/tr>\n
NA.PR.L<\/td>\nPerpetual-Discount<\/td>\n-1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 16.90
\nEvaluated at bid price : 16.90
\nBid-YTW : 7.18 %<\/td>\n<\/tr>\n
FIG.PR.A<\/td>\nInterest-Bearing<\/td>\n-1.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2014-12-31
\nMaturity Price : 10.00
\nEvaluated at bid price : 7.48
\nBid-YTW : 12.50 %<\/td>\n<\/tr>\n
TD.PR.N<\/td>\nOpRet<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2014-01-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.61
\nBid-YTW : 4.02 %<\/td>\n<\/tr>\n
FTN.PR.A<\/td>\nSplitShare<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2015-12-01
\nMaturity Price : 10.00
\nEvaluated at bid price : 8.30
\nBid-YTW : 8.67 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nPerpetual-Discount<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
BNS.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n
SBC.PR.A<\/td>\nSplitShare<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2012-11-30
\nMaturity Price : 10.00
\nEvaluated at bid price : 8.41
\nBid-YTW : 10.36 %<\/td>\n<\/tr>\n
TD.PR.A<\/td>\nFixedReset<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 22.26
\nEvaluated at bid price : 22.30
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n
ALB.PR.A<\/td>\nSplitShare<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2011-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.51
\nBid-YTW : 12.18 %<\/td>\n<\/tr>\n
PWF.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.22 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 21.51
\nEvaluated at bid price : 21.51
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n
RY.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 17.98
\nEvaluated at bid price : 17.98
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
SLF.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 15.71
\nEvaluated at bid price : 15.71
\nBid-YTW : 7.24 %<\/td>\n<\/tr>\n
POW.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 19.76
\nEvaluated at bid price : 19.76
\nBid-YTW : 7.14 %<\/td>\n<\/tr>\n
TCA.PR.X<\/td>\nPerpetual-Discount<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 44.15
\nEvaluated at bid price : 45.30
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
BCE.PR.I<\/td>\nFixedFloater<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 25.00
\nEvaluated at bid price : 16.19
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 15.52
\nEvaluated at bid price : 15.52
\nBid-YTW : 7.25 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n1.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.28 %<\/td>\n<\/tr>\n
PWF.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 19.60
\nEvaluated at bid price : 19.60
\nBid-YTW : 6.72 %<\/td>\n<\/tr>\n
CM.PR.I<\/td>\nPerpetual-Discount<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 16.88
\nEvaluated at bid price : 16.88
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
PWF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.68 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 20.55
\nEvaluated at bid price : 20.55
\nBid-YTW : 7.02 %<\/td>\n<\/tr>\n
TD.PR.S<\/td>\nFixedReset<\/td>\n1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 22.94
\nEvaluated at bid price : 23.00
\nBid-YTW : 4.13 %<\/td>\n<\/tr>\n
PPL.PR.A<\/td>\nSplitShare<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2012-12-01
\nMaturity Price : 10.00
\nEvaluated at bid price : 9.21
\nBid-YTW : 7.38 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.85 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 12.64
\nEvaluated at bid price : 12.64
\nBid-YTW : 9.53 %<\/td>\n<\/tr>\n
FBS.PR.B<\/td>\nSplitShare<\/td>\n1.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2011-12-15
\nMaturity Price : 10.00
\nEvaluated at bid price : 8.71
\nBid-YTW : 10.14 %<\/td>\n<\/tr>\n
CM.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 19.89
\nEvaluated at bid price : 19.89
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
CM.PR.G<\/td>\nPerpetual-Discount<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 19.16
\nEvaluated at bid price : 19.16
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 12.81
\nEvaluated at bid price : 12.81
\nBid-YTW : 9.40 %<\/td>\n<\/tr>\n
BAM.PR.H<\/td>\nOpRet<\/td>\n2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2012-03-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.75
\nBid-YTW : 10.76 %<\/td>\n<\/tr>\n
BMO.PR.L<\/td>\nPerpetual-Discount<\/td>\n2.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 21.68
\nEvaluated at bid price : 21.75
\nBid-YTW : 6.78 %<\/td>\n<\/tr>\n
BAM.PR.I<\/td>\nOpRet<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Soft Maturity
\nMaturity Date\t: 2013-12-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 9.74 %<\/td>\n<\/tr>\n
GWO.PR.F<\/td>\nPerpetual-Discount<\/td>\n2.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 7.08 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nPerpetual-Discount<\/td>\n2.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 17.86
\nEvaluated at bid price : 17.86
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
TCA.PR.Y<\/td>\nPerpetual-Discount<\/td>\n2.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 44.53
\nEvaluated at bid price : 46.00
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetual-Discount<\/td>\n2.95 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 17.10
\nEvaluated at bid price : 17.10
\nBid-YTW : 7.09 %<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetual-Discount<\/td>\n3.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 17.87
\nEvaluated at bid price : 17.87
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetual-Discount<\/td>\n3.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 15.63
\nEvaluated at bid price : 15.63
\nBid-YTW : 7.20 %<\/td>\n<\/tr>\n
PWF.PR.E<\/td>\nPerpetual-Discount<\/td>\n3.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
BNS.PR.R<\/td>\nFixedReset<\/td>\n3.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 22.22
\nEvaluated at bid price : 22.26
\nBid-YTW : 4.57 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n4.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 13.51
\nEvaluated at bid price : 13.51
\nBid-YTW : 4.59 %<\/td>\n<\/tr>\n
BCE.PR.F<\/td>\nFixedFloater<\/td>\n4.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.75
\nBid-YTW : 6.33 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n5.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 20.45
\nEvaluated at bid price : 20.45
\nBid-YTW : 6.59 %<\/td>\n<\/tr>\n
BNA.PR.C<\/td>\nSplitShare<\/td>\n14.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2019-01-10
\nMaturity Price : 25.00
\nEvaluated at bid price : 10.51
\nBid-YTW : 16.59 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
BCE.PR.A<\/td>\nFixedFloater<\/td>\n158,570<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n
WFS.PR.A<\/td>\nSplitShare<\/td>\n56,962<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2011-06-30
\nMaturity Price : 10.00
\nEvaluated at bid price : 9.25
\nBid-YTW : 8.82 %<\/td>\n<\/tr>\n
BAM.PR.O<\/td>\nOpRet<\/td>\n53,683<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2013-06-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.00
\nBid-YTW : 13.71 %<\/td>\n<\/tr>\n
CM.PR.A<\/td>\nOpRet<\/td>\n51,000<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2009-02-08
\nMaturity Price : 25.50
\nEvaluated at bid price : 25.78
\nBid-YTW : -11.07 %<\/td>\n<\/tr>\n
CM.PR.J<\/td>\nPerpetual-Discount<\/td>\n39,490<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 16.20
\nEvaluated at bid price : 16.20
\nBid-YTW : 6.98 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n39,180<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2039-01-09
\nMaturity Price : 21.31
\nEvaluated at bid price : 21.31
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
There were 37 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The ABX index derivatives (which reference either the lowest or the penultimate AAA tranche of structured subprime mortgage products) are getting hammered today due to fears of pending legislation: it appears that a bill to …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-4903","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/4903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4903"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/4903\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}